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Swiss Franc (CHF) to Dai (DAI) Instantly

Purchase Dai (DAI) with Swiss Franc (CHF) easily at Switchere and benefit from fast, secure transactions.

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About
Dai (DAI)

DAI (DAI) stands as a pioneering decentralized stablecoin soft-pegged to the US Dollar, operating on the Ethereum blockchain as an ERC-20 token. Its primary purpose is to provide a censorship-resistant and transparent digital asset that maintains a stable value, offering a crucial building block for the decentralized finance (DeFi) ecosystem. Governed by the MakerDAO community through the MKR governance token, DAI's stability is achieved through a sophisticated system of over-collateralization. Users generate DAI by locking up approved crypto assets, such as ETH or WBTC, into smart contracts known as Maker Vaults (formerly Collateralized Debt Positions or CDPs). This process ensures that every DAI in circulation is backed by a greater value of collateral, mitigating volatility risks.

The core technology relies on Ethereum's smart contract capabilities to manage these Vaults, automate liquidations if collateral value drops below a certain threshold, and maintain the peg through various stability mechanisms, including Stability Fees and the Dai Savings Rate (DSR). The DSR allows DAI holders to earn yield on their holdings directly on-chain. DAI's utility token function is primarily as a stable medium of exchange, a unit of account, and a store of value within countless DeFi applications, including lending protocols, decentralized exchanges, and yield farming strategies. As one of the most widely integrated crypto-backed stablecoins, DAI is a foundational element of Web3 infrastructure, enabling peer-to-peer transactions and complex financial instruments without reliance on traditional intermediaries.

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How to Buy Dai (DAI)

  1. Select currency menu

    Choose CHF to DAI Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your Dai Wallet Address

    Provide your DAI wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your Dai

    Complete the payment, and your DAI will be sent to your wallet.

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Frequently Asked Questions

  • What is the significance of the CHF/DAI trading pair in the crypto ecosystem?

    The CHF/DAI pair represents a direct fiat on-ramp from the Swiss Franc to a major decentralized stablecoin. Its significance lies in providing access to the decentralized finance (DeFi) ecosystem without relying on centralized stablecoin issuers. Users can convert CHF into DAI, an ERC-20 token stabilized by the Maker Protocol through a system of over-collateralization, allowing them to interact with a wide range of smart contract-based applications.

  • How does DAI's over-collateralization model provide stability compared to fiat like CHF?

    While CHF's stability is backed by the Swiss National Bank, DAI's stability is maintained algorithmically on the blockchain. DAI is created when users lock up other crypto assets (like ETH or WBTC) as collateral in a Maker Vault, and they must deposit collateral worth significantly more than the DAI they generate. This over-collateralization ensures that even with crypto market volatility, the value backing DAI remains sufficient, and its peg to the USD is maintained through automated smart contract liquidations if collateral value drops too low.

  • How can I securely store my DAI after purchasing it with CHF?

    For optimal security, you should practice self-custody by moving your DAI from the exchange to a non-custodial digital wallet where you control the private keys. Options include browser-based wallets (like MetaMask), mobile wallets, or for the highest level of security, a hardware wallet. Storing digital assets in your own wallet protects them from exchange-specific risks like hacks or freezes and gives you direct access to DeFi applications and the Dai Savings Rate (DSR).

  • What are the common methods to purchase DAI with a Swiss bank account?

    The most common method is using a regulated cryptocurrency exchange that supports CHF deposits. Typically, you would complete KYC/AML compliance, then fund your account via a SEPA transfer or a standard Swiss bank wire from your Swiss bank account. Once the CHF funds are credited, you can place a buy order for DAI on the exchange's order book. Some platforms may also offer direct purchase options via debit card.

  • What types of fees should I anticipate when converting CHF to DAI?

    There are several potential fees. First, your bank may charge for the SEPA or wire transfer to the exchange. Second, the cryptocurrency exchange will have its own fee structure, including deposit fees (often zero for SEPA), trading fees (a percentage of the trade value), and withdrawal fees. Finally, when you move your DAI from the exchange to a non-custodial digital wallet, you'll pay a blockchain transaction fee, known as a gas fee on the Ethereum network, which is paid in ETH and varies with network congestion.

  • Can I use the Dai Savings Rate (DSR) to earn yield after converting my CHF?

    Yes, absolutely. Once you have acquired DAI and hold it in a compatible non-custodial wallet, you can interact with the Maker Protocol's smart contracts to lock your DAI into the Dai Savings Rate (DSR) contract. This allows you to earn a variable yield directly on-chain, sourced from stability fees paid by users who generate DAI from Maker Vaults. It's a core feature of the MakerDAO ecosystem, offering a native yield for DAI holders.

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